This 3-unit multifamily investment presents a strategic opportunity for investors looking to unlock significant value. With two 2-bedroom units and one 3-bedroom unit, and tenant-paid utilities, the property offers immediate potential for equity growth. Two vacant units provide a chance for targeted renovations, allowing investors to enhance the property and bring rents to market levels. Recent closed comparables, such as 64 Spring St at $425k, 18 Dewitt St at $485k, and 246 Columbus Ave at $510k, indicate a $46k-$131k value gap, making this asset an attractive investment with substantial upside.
Listing courtesy of Lisa Cozzi at Berkshire Hathaway NE Prop.Property Details
Price:
$370,000
MLS #:
24034994
Status:
Active
Beds:
7
Baths:
3
Address:
91 Spring
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
na
City:
New Haven
Listed Date:
Jul 23, 2024
State:
CT
Finished Sq Ft:
2,530
ZIP:
06519
Lot Size:
2,178 sqft / 0.05 acres (approx)
Year Built:
1900
See this Listing
Tom Vanacore is a real estate professional who takes his business extremely seriously. His results speak for themselves, as he has a proven action-oriented plan to get your home sold quickly and for the best price possible.
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Schools
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Interior
Exterior
Financial
Map
Community
- Address91 Spring New Haven CT
- AreaN/A
- CityNew Haven
- CountyNew Haven
- Zip Code06519
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91 Spring
New Haven, CT
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